Stephen Mandel, founder of Lone Pine Capital
Management, has been elected as chairman of Dartmouth College's
board of trustees. Mandel, who graduated from Dartmouth in
1978, replaces Charles "Ed" Haldeman Jr., who graduated in
"He's really one of the shining stars of our alumni group,"
President Jim Yong Kim told local newspaper The Valley News.
"He's made enormous contributions to Dartmouth College in every
Mandel's new position coincides with Dartmouth's plans to cover
a $100 million budget gap over the next two years, which
includes laying off 30 non-union and non-faculty members by
"I am honored that my colleagues have asked me to serve as
Chairman of the Board," Mandel said in a statement. "I am excited about the opportunity to
work with President Kim, my colleagues on the Board and the
entire Dartmouth community in realizing an even greater future
for this College that we all love."